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eGarage video features Helmuth Bott's personal Porsche 959 prototype

"We thought we were going to build a super-911," said Peter Schutz, former CEO of Porsche AG of the development of the Porsche 959. That was before it started getting expensive. At that point, Helmuth Bott, Porsche R&D director got frightened. Costs ballooned because of the all-wheel drive, sequential turbocharging and other technology Porsche had never even thought about when it set out to build a 911 to compete in Group B. Schutz continued, "The amount of resources we were committing got totally out of hand." Instead of pulling the plug, Bott doubled down and drew on the strength of his brilliant team to build a car whose impact is still echoing aross the industry.
"It's probably one of our most prized possessions" says Don Leatherwood, Director of the Brumos collection where Dr. Bott's personal prototype resides, and where Frazer Spowart went to see the car and create a video for eGarage. Check out the sights and sounds of the 959 before it was the 959, and get personal takes on the car from Hurley Haywood, Peter Schutz and Don Leatherwood. Keep reading to see the video.

Magnus Walker shows us how driving in LA is done

Southern Calfiornia has some great driving roads if you can get out of the city, from the Angeles Crest Highway to Mulholland Drive. Driving in LA itself, on the other hand, is usually more of an ordeal than a pleasure. But Magnus Walker is here to show us we're wrong. In this latest, artfully produced video for eGarage, everyone's favorite outlaw Zuffenhausen enthusiast takes to the streets of Los Angeles in his highly modified 1971 Porsche 911T street racer, carving his favorite route through the city. The drive takes him through plenty of tunnels (so you'll want to turn up your speakers to hear the exhaust note reverberate), around corners aplenty, past the Petersen and even down some freeways – it is LA, after all. But the key here is that he's driving late at night, when the streets are empty and Magnus can do his best homage to C'etait un rendez-vous. News Source: eGarage via YouTube Porsche Videos egarage magnus walker porsche 911t 1971 porsche 911t

$1.4B hedge fund suit against Porsche dismissed

Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't misled them.
Examining the hedge funds' motives for stock purchases and the bets that VW share prices would fall, judge Carola Wittig said that the funds didn't base their decisions on the key bits of "misinformation," and instead were participating simply in "highly speculative and naked short selling," only to get caught out.
With other cases still pending, the continued streak of victories bodes well for Porsche's courtroom fortunes, since judges will expect new information to consider overturning precedent. If there is any new info, it could come from the potential criminal cases still outstanding against former CEO Wendelin Wiedeking and CFO Holger Härter, who were both indicted on charges of market manipulation.